ABAT Stock Analysis

Advanced Battery Technologies Inc

DELISTED - Advanced Battery Technologies, Inc., (ABAT) is a holding company with one direct subsidiary, Cashtech Investment Limited. Cashtech Investment Limited is also a holding company with two subsidiaries: Harbin ZhongQiang Power-Tech Co., Ltd., which manages the assets and operations of Heilongjiang ZhongQiang Power-Tech Co., Ltd. (ZQ Power-Tech), and Wuxi ZhongQiang Autocycle Co., Ltd., which is engaged in the business of manufacturing and distributing electric vehicles that utilize batteries manufactured by ZQ Power-Tech. Advanced Battery Technologies, Inc. also owns a 49% interest in Beyond E-Tech, Inc., that distributes cellular telephones in the United States. It has two segments: Batteries and Electric vehicles. In January 2011, the Company through its subsidiary Harbin ZQPT, acquired the assets of Shenzhen Zhongqiang New Energy Science & Technology Co., Ltd. In December 2011, it opened its new polymer lithium-ion battery production facility in Dongguan City, Guangdong Province.